Investor interest in projects with liquid staking is likely being fueled by Ethereum’s impending Shanghai upgrade, which will allow users to unstake their ETH.
Liquid staking tokens are rallying as the withdrawal date for unstaking ETH approaches. Lido Finance (LDO) and Rocket Pool (RPL) have already posted significant gains over the past 24 hours. Liquid staking projects are likely fueling investors’ interest ahead of the upcoming Shanghai upgrade.
Ethereum Staking Tokens Rally as Shanghai Upgrade Nears